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Thank you for your interest in The PMO Outlook Report 2024 Edition.
In 2024, the role of the PMO is simple – deliver value for the organization. But, why does this continue to be a challenge for PMO leaders year after year. It’s the lack of focus on the right things. PMOs that aren’t positioned to focus on what the business cares about are setting themselves up for a challenging road ahead.
That said, it’s not too late! This report highlights the simple measures your organization can take to regain the focus needed to deliver the value the business expects. The truth is, the majority of PMOs are still trying to figure this out as seen in a number of key findings via the distributed survey.
In this survey, a number of alarming statistics continue to appear including:
- 82% of projects are not very well aligned with strategic business priorities
- 42% of project practitioners aren’t using strategic insights to drive project prioritization
- 67% of project practitioners have had a project fail in the past year
- 51% of PMO leaders cite lack of understanding of the need and no executive support that stops their PMO from improving
While the above statistics are alarming, there are some positive trends we are seeing that are occurring meaning some project leaders have figured out just how to position their PMO for success.
The goal of this report is to analyze the data presented by those in the field to create a depiction of what the industry is experiencing as well as what we can expect for PMOs in the coming year. The facts and opinions covered in this report are designed to help benchmark industry standards and provide insight into current challenges. As the practice of project and portfolio management changes to meet rising business demands, we are committed to the support and betterment of project, program, product, and portfolio management.